SFA Update – One New Filer

The PBGC Special Financial Assistance program for troubled multiemployer plans weekend update showed one new plan applying – Iron Workers Local 17 Pension Fund out of Cleveland, Ohio – notable primarily for how little they are asking for – 22% of the unfunded liabilities reported on their latest 5500 filing. Also notable is that this plan’s 27.53% funded level is higher than the 25.53% of the NFL Players Plan.

Our updated summary of the 29 plans in the system – 5 approvals and 24 under review:

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